May 20th EUR/USD and GBP/USD

EUR/USD is trading @ 1.3592; yesterday High 1.3667, low 1.3537;
right now the rate is moving down from 1.3667 (it's max) with a correction of around 30%;
I see a good support @ 1.3570 area, If the rate will fail it I see a bullish movement to area 1.3720; after 1.3570 I see another support @ 1.3540;
a good strategy may be to sell around @ 1.3700, stop loss @ 1.3745, take profit @ 1.3650;
not big space for a trade...
here some support and resistance: R3 1.3866; R2 1.3736; R1 1.3675; S1 1.3545; S2 1.3476;
no need of S3 ;)


GBP/USD is trading @ 1.5481; yeasterday high was 1.5522; low 1.5324;
the bullish scenario is still on and the rate could easily go further up to check the resistance @ 1.5600, anyway I do not think this may happend today; in may opinion it is possible that today we experiment a correction probably to 1.5260 so ower than yesterday...

here some support and resistance:
R2 1.5640; R1 1.5560; S1 1.5362; S2 1.5244;

here is my plan:
I will sell 1 unit of GBP/USD @1.5480 (right now);
stop loss 1.5560;
take profit 1.5260.

have a good trading day